First Bancorp PR
Research First Bancorp PR (FBP) on Bullrun: valuation model: 24.4% undervalued, market cap USD 4.33B, P/E 11.8, dividend yield 1.4%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerFBP
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal24.4% undervalued
- Market capUSD 4.33B
- P/E11.8
- Dividend yield1.4%
- Financial periodQ2 2026
- RevenueUSD 257.30M
- Net incomeUSD 96.15M
- Free cash flowUSD 87.18M
Valuation Snapshot
Bullrun's latest valuation model marks First Bancorp PR as 24.4% undervalued; latest market cap is USD 4.33B; P/E is 11.8; dividend yield is 1.4%.
Peer valuation comparison
Latest P/E is 11.8x versus a Financial Services sector median of 13.84x (14.7% below).
Latest dividend yield is 1.44% versus a Financial Services sector median of 3.86% (62.6% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 1.00B | USD 344.87M | USD 437.52M | n/a | 2.15 | USD 658.60M | USD 290.00M | USD 1.97B |
| FY2024 | USD 938.20M | USD 298.72M | USD 394.14M | n/a | 1.81 | USD 1.16B | USD 561.70M | USD 1.67B |
| FY2023 | USD 929.80M | USD 302.86M | USD 340.36M | n/a | 1.71 | USD 663.16M | USD 661.70M | USD 1.50B |
| FY2022 | USD 918.39M | USD 305.07M | USD 420.03M | n/a | 1.59 | USD 480.51M | USD 383.76M | USD 1.33B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 4.33B | 11.8 | 2.1% | 0.58 |
| 2025 | 2025-12-31 | USD 3.25B | 9.6 | 0.9% | 0.18 |
| 2024 | 2024-12-31 | USD 3.05B | 10.3 | 2.6% | 0.48 |
| 2023 | 2023-12-29 | USD 2.84B | 10.0 | 3.4% | 0.56 |
| 2022 | 2022-12-30 | USD 2.35B | 8.3 | 3.6% | 0.46 |
| 2021 | 2021-12-31 | USD 2.78B | 10.4 | 2.2% | 0.31 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.58 USD, yield 1.4%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.72 USD |
| FY2024 | 0.64 USD |
| FY2023 | 0.56 USD |
| FY2022 | 0.46 USD |
About First Bancorp PR
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities;
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Frequently asked questions
Is First Bancorp PR overvalued or undervalued?
Bullrun's valuation model currently marks First Bancorp PR as 24.4% undervalued.
What is First Bancorp PR's market cap?
First Bancorp PR's market capitalization is USD 4.33B.
What is First Bancorp PR's P/E ratio?
First Bancorp PR's price-to-earnings (P/E) ratio is 11.8.
Does First Bancorp PR pay a dividend?
First Bancorp PR has a dividend yield of 1.4%.
What does First Bancorp PR do?
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations.